ICI said it plans to focus on "performance transformation rather than portfolio transformation," and indicated that major divestitures are viewed as being "unattractive at present."
The Valspar Corp. said it will record an after-tax charge of $15.2 million in the company's fourth quarter for costs associated with estimated future service claims related to its furniture-protection plans, which are sold through U.S. furniture retailers.
Akzo Nobel formally announced the opening of its new non-stick coatings production facility in Dongguan City in southern China, marking the start of operations at a plant that produces non-stick coatings primarily for the rapidly growing cookware industry in China.
AK Steel, a manufacturer of steel products for the construction market, announced the completion of the "AK Steel Concept Home," reported to be the nation's first "antimicrobial" house as a result of the use of coatings that contain an antimicrobial compound named AgION™.
Professional Paint Inc. has acquired, through a wholly owned subsidiary, the operating assets of Duckback Products Inc., a manufacturer of wood and concrete stains based in Chico, CA. Duckback Products distributes products nationwide in the United States and Canada.
Schenectady International Inc. has acquired DSM Coating Resins Europe B.V.'s phenolic resin product line, which includes phenolic resins used for internal and external can-coating applications. Terms were not disclosed.
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